Dollar Index Edges Back Toward 100 on Stronger PMI, Iran Uncertainty

The U.S. Dollar Index (DXY) edged higher on Monday, recovering toward the 100 mark, as a stronger-than-expected manufacturing PMI reading lent support to the greenback. Uncertainty over U.S.-Iran negotiations also contributed to the modest rebound, with the index stabilizing after last week's sharp decline. The previous week's sell-off was driven by a coordinated intervention from Washington and Tokyo, which had pressured the dollar significantly.